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Ashford Hospitality Trust, Inc. Message Board

  • quickmove1121 quickmove1121 Feb 25, 2009 5:13 PM Flag

    Is AHT stable?

    The earnings just came out and to what I can see and what people are saying in the message boards, it seems to be pretty solid with a lot of room to grow, BUT with that being said, in afterhours the price dropped from 1.24 to 1.04 in 20 minutes and then jumped right back up to 1.24 it seems... What's that all about. If its so stable why was there such a big after hours sell off? I still personally believe at under 1.50 this is an incredible bargain

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    • I will agree that the AH market is meaningless unless there is huge volume.

      The bid/asked spread is normally very wide after hours and premarket. This gives speculators the ability to "paint the tape red" if they are short or "paint the tape green" if they are long.

      There was some moderate volume after hours on the Pacific exchange. Most of the volume traded was at $1.24 which was the closing price.

      I was pleased with the report and look forward to the conference call.

    • After hours trades are meaningless!!

4.95-0.01(-0.20%)May 27 4:02 PMEDT